My Canadian Dollar!

I think it means the US Fed. Reserve needs to stop printing money and we need to return to a solid currency, instead of this fiat (fiasco) system the government so loves.

little_tigress and intricatic on the same night?

Whoa.

Did hell freeze over?! :shock:



(Back to your regularly scheduled thread.)

SweetlyBroken said:

little_tigress and intricatic on the same night?

Whoa.

Did hell freeze over?! :shock:



(Back to your regularly scheduled thread.)

Click to expand...

no....hell didn't freeze over....The Cubs aren't winning and I'm not on a date.

SweetlyBroken said:

little_tigress and intricatic on the same night?

Whoa.

Did hell freeze over?! :shock:



(Back to your regularly scheduled thread.)

Click to expand...

it has been known to happen every once in a blue moon

SweetlyBroken said:

little_tigress and intricatic on the same night?

Whoa.

Did hell freeze over?! :shock:



(Back to your regularly scheduled thread.)

Click to expand...

That ain't weird. You wanna see weird, you should meet my cat.

HoosierCanuck said:

hmmmmm Coach can have his Jessica Bile....I mean Biel. I'll take the ruggedly handsome hockey studs from the Great White North.

Click to expand...

Haha!

intricatic said:

I think it means the US Fed. Reserve needs to stop printing money and we need to return to a solid currency, instead of this fiat (fiasco) system the government so loves.

Click to expand...

The Fed doesn't print money, it controls interest rates. The interest rates are controling by the buying and selling of government securities. When they lower the interst rates they buy government securities back and it provides more cash for the banking system which in turn lowers the prime rate. Lowering the prime rate encourages more corporate and personal borrowing. The borrowing creates if I remember right M2 capital. Which expands the amount of money on the market. M2 capital is how most money is created

Do you know that there is more money in existence then there is paper dollars to cover it? Far more in fact. Most money is actually electronic.

The US treasury prints off dollars and they have been only printing to replace for a long time now. If the US treasury started printing off more dollars they would increase M1 capital which would actually cause inflation but also produce the same results of the currency losing value in the world market.

The Fed however is only loosely tied to the Federal government and is in many ways its own private entity.

To understand what is at work here you must first understand the difference between the Federal Reserve (Fed) and the US treasury department.

Luther073082 said:

The Fed doesn't print money, it controls interest rates. The interest rates are controling by the buying and selling of government securities. When they lower the interst rates they buy government securities back and it provides more cash for the banking system which in turn lowers the prime rate. Lowering the prime rate encourages more corporate and personal borrowing. The borrowing creates if I remember right M2 capital. Which expands the amount of money on the market. M2 capital is how most money is created

Do you know that there is more money in existence then there is paper dollars to cover it? Far more in fact. Most money is actually electronic.

The US treasury prints off dollars and they have been only printing to replace for a long time now. If the US treasury started printing off more dollars they would increase M1 capital which would actually cause inflation but also produce the same results of the currency losing value in the world market.

The Fed however is only loosely tied to the Federal government and is in many ways its own private entity.

To understand what is at work here you must first understand the difference between the Federal Reserve (Fed) and the US treasury department.

Click to expand...

Hehe, going back to ECON 101. You're talking about the difference between fiscal and monetary policy, correct?

Speaking of ECON....

when I was in college I NEVER had an AMERICAN Econ professor. Go figure....

IrvRiv said:

Hehe, going back to ECON 101. You're talking about the difference between fiscal and monetary policy, correct?

Click to expand...

That may be what you call it I can't remember.

But honestly some of that information might have been a little above Econ 101. I have a degree in Finance so I can't tell you exactly what may have came from basic Macro Economics courses and what might have came from a 300/400 level Finance course.

Speaking of ECON....

when I was in college I NEVER had an AMERICAN Econ professor. Go figure....

Click to expand...

I had American Econ profs, but the Finance department at my school had 3 profs in it, 1 was Japanese, 1 was Canadian, and 1 was American.

Luther073082 said:

That may be what you call it I can't remember.

But honestly some of that information might have been a little above Econ 101. I have a degree in Finance so I can't tell you exactly what may have came from basic Macro Economics courses and what might have came from a 300/400 level Finance course.

[/COLOR][/FONT]

I had American Econ profs, but the Finance department at my school had 3 profs in it, 1 was Japanese, 1 was Canadian, and 1 was American.

Click to expand...

Nah, you learn the basic macroeconomic and microeconomic principles at the 100-200 level. I'm pretty sure I took both of those classes at the 200 level anyway. Probably varies by university/college though.

IrvRiv said:

Nah, you learn the basic macroeconomic and microeconomic principles at the 100-200 level. I'm pretty sure I took both of those classes at the 200 level anyway. Probably varies by university/college though.

Click to expand...

Yeah, I was saying that I wasn't sure where that information came from. It might have all been from Econ but I have classes beyond that in Finance and I can't be certain that none of it came from there either.

Basically I don't remember what class I learned it in.

Luther073082 said:

Yeah, I was saying that I wasn't sure where that information came from. It might have all been from Econ but I have classes beyond that in Finance and I can't be certain that none of it came from there either.

Basically I don't remember what class I learned it in.

Click to expand...

Slightly off-topic but. . .

what's the difference between a major in Finance and a major in Economics?

SH89 said:

Slightly off-topic but. . .

what's the difference between a major in Finance and a major in Economics?

Click to expand...

Well I never majored in Economics but my guess is that a major in economics is more centered around managing the economy as a whole. My guess is they would concentrate more on fiscal or monitary policy.

Finance on the other hand has an economics background but is concerned with how we can manipulate things to help a corportation acheive its goals. It also has to do with investments such as but not limited to futures, options, stocks, bonds, CD's and other securities.

When looking at exhange rates on here I took a class that was just over international finance which basically was all exchange rates. A lot of it had to do with hedge options on currencies. We did cover some of the more risky things such as short selling currrencies and risky foriegn markets and investments.

Finance is often considered to be the exact opposite of accounting. Accounting looks at the past while Finance looks at the future.

Interestingly enough Economics at my University was considered part of the College of Arts and Sciences, while Finance along with Accounting, International Business, Information and Decision Sciences, Management and Marketing where in the College of Business Administration. So we rarely if ever delt with an Economics major, however we had to work with other business majors all the time.

Luther073082 said:

... but my guess...

Click to expand...

I think you got it right.